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Insight into Prospects of Islamic Banking: from Past to Present

Author

Listed:
  • Kļaviņš Kaspars

    (Riga Technical University, Latvia)

  • Abu Al-Haija Elias

    (Emirates College of Technology, United Arab Emirates)

Abstract

Islamic banking is one of the alternative financial models of the modern world, which is currently gaining more and more international recognition and reliability both in the East and West. The article reveals separate historical aspects of the genesis of Islamic banking in order to better demonstrate the potential of this financial system now and in the future. The purpose of the research is to highlight the ability of Islamic banking to integrate into the western-dominated economy and society.

Suggested Citation

  • Kļaviņš Kaspars & Abu Al-Haija Elias, 2016. "Insight into Prospects of Islamic Banking: from Past to Present," Baltic Journal of Real Estate Economics and Construction Management, Sciendo, vol. 4(1), pages 61-68, November.
    • Handle: RePEc:vrs:bjrecm:v:4:y:2016:i:1:p:61-68:n:5
    DOI: 10.1515/bjreecm-2016-0005
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